Fomento Mexicano Stock Price, News & Analysis

Fomento Económico Mexicano (FMX) announced its subsidiary Compropago has received authorization from the Comisión Nacional Bancaria y de Valores to operate as an electronic payment funds institution in Mexico. This milestone is a significant step for FEMSA's digital strategy, aligning with efforts to enhance financial inclusion for over 4 million registered users. The CEO emphasizes the importance of this achievement for both economic and social value in local communities, reinforcing a secure and compliant business model.

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) will host its Third Quarter 2022 Conference Call on October 31, 2022, at 11:00 AM Eastern Time. The quarterly results will be released on October 28, prior to market opening. Interested participants can join the call by dialing toll-free US: (866) 580 3963 or international: +1 (786) 697 3501 with Conference ID: 1317423. The call will be available for live streaming on the company’s investor relations website, and a replay will also be accessible thereafter.

FEMSA has successfully completed its public tender offer for Valora Holding AG, acquiring 96.87% of Valora's shares at a price of CHF 260.00 per share. A total of 4,234,923 shares were tendered. All necessary regulatory clearances have been received, allowing the settlement of the offer on October 7, 2022. Following the settlement, FEMSA plans to initiate a squeeze-out procedure and delist Valora shares from the SIX Swiss Exchange. The transaction reflects strong support from Valora shareholders.

Fomento Económico Mexicano (FEMSA; NYSE: FMX) has received all regulatory approvals for its public tender offer to acquire Valora Holding AG at CHF 260.00 per share. The settlement is scheduled for October 7, 2022, following the definitive notice of the offer's results on October 5, 2022. After the acquisition, FEMSA plans to initiate a squeeze-out procedure and delist Valora shares from the SIX Swiss Exchange. This move aligns with FEMSA's strategy to enhance its portfolio in the convenience and food sectors.

Fomento Económico Mexicano (FEMSA) has successfully completed its public tender offer to acquire Valora Holding AG shares at CHF 260.00 each. A total of 4,234,923 shares were tendered, giving FEMSA control over 96.87% of Valora's share capital. The completion of the offer now depends on regulatory approvals, after which FEMSA plans to initiate a squeeze-out procedure to delist Valora from the SIX Swiss Exchange. The definitive notice of the offer's results is expected on October 5, 2022, with settlement anticipated on October 7, 2022.

FEMSA has confirmed that it received strong support for its public tender offer for Valora Holding AG, acquiring 84.42% of Valora's share capital by tendering 3,698,762 shares at CHF 260.00 per share. The offer's minimum acceptance condition has been met, and an additional acceptance period runs from September 16 to September 29, 2022. Following the offer's completion, FEMSA plans to initiate a squeeze-out procedure and delist Valora shares from the SIX Swiss Exchange, subject to regulatory approvals. The indicative timetable includes important dates for settlement and final results.

FEMSA has announced the provisional interim results of its public tender offer to acquire Valora Holding AG at a cash price of CHF 260.00 per share. As of the end of the offer period, approximately 3.7 million Valora shares were tendered, giving FEMSA a total stake of 84.41% in Valora. The minimum acceptance condition has been met, allowing for an additional acceptance period from September 16 to September 29, 2022. Completion of the offer is contingent upon regulatory approvals, after which FEMSA plans to initiate a squeeze-out procedure to delist Valora shares from the SIX Swiss Exchange.

Fomento Económico Mexicano (FMX) reported a robust 22.2% increase in consolidated revenues for Q2 2022 compared to Q2 2021, marking a 30.6% growth against Q2 2019. The company's EBITDA margin expanded to 15.3%, setting a record for Q2. Key sectors showed strong performance, including a 9.0% rise in same-store sales for Health and 17.3% growth in Logistics & Distribution revenues. Coca-Cola FEMSA reported an 11.9% growth in total volume. CEO Daniel Rodríguez highlighted the continued recovery post-COVID and plans for further growth.

FEMSA (NYSE: FMX) has announced a public tender offer to acquire all publicly held shares of Valora Holding AG at a price of CHF 260.00 per share. The main offer period is slated to begin on August 11, 2022, and will conclude on September 9, 2022, pending regulatory approvals. Valora's Board of Directors has unanimously recommended that shareholders accept the offer, which aligns with FEMSA's strategic focus on European markets. Notably, Valora's largest shareholder, holding approximately 17%, has agreed to tender their shares.